Rita And Luis Echenique Charitable Foundation
- Assets
- $2.5m
- Revenue
- $95.0k
- Investments
- $2.4m
- Employees
- 0
- Location
- King City, CA
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-2531914
Organization Overview
Rita And Luis Echenique Charitable Foundation is located in King City, CA. The organization was established in 2010. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rita And Luis Echenique Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rita And Luis Echenique Charitable Foundation generated $95.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $136.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rita And Luis Echenique Charitable Foundation has awarded 61 individual grants totaling $1,194,175. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Becky Garcia Director | 1 | $0 | |
Roger Borzini President | 1 | $0 | |
Jane Stile Secretary | 1 | $0 | |
Deborah Howitt Director | 1 | $0 | |
Sonia Chapa Treasurer | 1 | $0 | |
Christopher Lopez Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $213 |
| Dividends & Interest | $72,878 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,882 |
| Capital Gain Net Income | $21,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $94,973 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,690 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $270 |
| Total operating and administrative expenses | $26,128 |
| Contributions, gifts, grants paid | $110,000 |
| Total expenses and disbursements | $136,128 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $53,889 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $37,485 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,482,081 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Rita And Luis Echenique Charitable Foundation has awarded $110,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION PURPOSE: $8,000 TOWARDS RANCHO CIELO, $10,000 TOWARDS SOL TREASURES, $8,000 TOWARDS GIRLS, INC., $7,500 TOWARDS ARTS COUNCIL OF MONTEREY COUNTY,$7,000 TOWARDS READ TO ME PROJECT, $12,000 TOWARDS SOUTH COUNTY ANIMAL RESCUE, $7,500 TOWARDS CASA, $5,000 TOWARDS FOUNDATION FOR MONTEREY COUNTY FREE LIBRARIES, $8,000 TOWARDS KINSHIP CENTER AND $8,000 TOWARDS MONTEREY COLLEGE OF LAW. | $81,000 |
AVILA VICTORY BOXING INC PURPOSE: $7,000 TOWARDS YEAR-ROUND BOXING PROGRAM. | $7,000 |
THE COMMUNITY FOOD PANTRY OF KING C PURPOSE: TO PROVIDE FUNDING FOR FOOD FOR KING CITY RESIDENTS. | $5,000 |
GREENFIELD BASKETBALL TEAM PURPOSE: $7,500 TOWARDS BASKETBALL PROGRAM. | $7,500 |
KING CITY BOXING CLUB PURPOSE: $5,000 TOWARDS BOXING PROGRAM. | $5,000 |
THE KING CITY CHAMBER OF COMMERCE PURPOSE: $2,000 TOWARDS KC CHAMBER OF COMMERCE PROJECT. | $2,000 |